Analytics, Baltic, Financial Services, Real Estate, Tourism

The poll found that 90% of young persons in Latvia and Lithuania keep a tight watch over their finances, whereas in Estonia this indicator is slightly above 80%. It was also revealed that although young persons are eager to plan their budgets, only a fifth of those making them are adhering to the plans.

“Making the exercise of planning a budget is more popular than checking afterwards whether expenses complied with one's plans,” said Eerika Vaikmäe-Koit, a member of the Management Board of SEB Estonia.

She said that 75% of young persons in Estonia put money aside for saving up, and in different age groups they do it more or less for similar reasons; mostly they accumulate savings in order to travel abroad. Young persons aged 22-25 mostly save up to buy their own home.